Investors may want to keep an eye on Take-Two Interactive (TTWO). Not only has the stock been trending higher, the announcement of a Grand Theft Auto follow up game has a lot of investors excited. While there’s no launch date for the game just yet, analysts at Moffett Nathanson believes a major announcement is just around the corner.
We also have to remember that demand for the GTA games is through the roof. Grand Theft Auto V saw just over $7.6 billion in sales since launching in 2013. Grand Theft Auto IV saw more than $2 billion in sales. Grand Theft Auto III saw $250 million in sales about a year into its release. With the new installment coming, we wouldn’t be shocked to see another round of massive sales – which could send TTWO to higher highs.